Wealth technology provider Avaloq has acquired a 100% stake in Derivative Partners for an undisclosed sum.

Headquartered in Zurich, Derivative Partners offers data on derivatives and structured products.

The firm is headed by CEO Daniel Manser.

Manser said: “By becoming part of the Avaloq group, Derivative Partners’ technology will be fast-tracked to a far larger audience, and our team is delighted to become part of a truly exceptional company with global reach.”

The acquired entity serves private banks, asset managers, issuers and exchanges, offering them solutions for structured products.

It also calculates regulatory figures and portfolio management ratios and offers quantitative support for investment banking and trading.

Avaloq group CEO Juerg Hunziker calls the deal a “natural fit”.

Hunziker noted: “Optimised and quality-assured data is used for clean, straight-through processing, improved services and more precise insights, and we know that superior data models are absolutely critical for the future of the global financial services industry.

“The integration of Derivative Partners’ functionalities is a compelling and differentiating advantage for our Avaloq ecosystem and we will now build on this ability to handle the most complex financial instruments for the benefit of our clients and all our stakeholders.”

Derivative Partners will continue to work as an autonomous firm.

As part of the deal, all Derivative Partners employees will join Avaloq.